Transferring LLC Membership Interests Part 3—Involuntary Transfers
Wednesday, October 16
An involuntary transfer of an LLC membership interest is just that—a transfer prompted by a creditor action or the occurrence of a triggering event outside of the member’s control. An individual or entity obtaining a membership interest as a result of an involuntary transfer usually cannot fully...
6 Key Considerations for Passing Down a Family Business
Wednesday, October 09
You have spent years building your small business, but have you taken time to consider what will happen to it when you retire, become disabled, or pass away? Although it is often hard to fathom an event that may not occur for many years, it is important to put plans in place in advance. The fail...
Transferring LLC Membership Interests Part 2—Voluntary Transfers
Tuesday, October 01
An LLC affords its members a certain amount of personal asset protection. Part of this protection hinges on the restricted transferability of LLC membership interests. Restricted transferability protects the non-transferring members from creditors and unwelcome new members, which upholds the in...
How to Attract Stellar Employees for Your Small Business
Wednesday, September 25
The economy is booming, which is excellent news for small businesses, right? In general, it is great news for all businesses.However, it also presents some challenges, particularly for small businesses. According to the June 2019 National Federation of Independent Businesses (NFIB) Jobs Report, s...
Can Your Small Business Write Off Bad Debts?
Tuesday, September 17
Despite your best efforts to work only with customers or clients you believe will pay for the goods or services your business provides and to diligently collect delinquent amounts owed, you will almost inevitably have to deal with bad debts on occasion. In some circumstances, the IRS allows you ...
Cybersecurity: Protecting Your Business
Friday, September 06
Cybersecurity is a growing concern for businesses, and small businesses are not immune from the threats posed by cybercriminals. Don’t be complacent because your business is small: Almost half of all cyberattacks in the U.S. are directed at small businesses. In recognition of this serious proble...